Layoffs Amid AI Adoption: Multinationals Cut Jobs as Corporate Investments Pivot Toward Artificial Intelligence

Layoffs Amid AI Adoption: Multinationals Cut Jobs as Corporate Investments Pivot Toward Artificial Intelligence

Major companies, including Microsoft and Barclays, are cutting jobs as spending shifts toward AI infrastructure, data centres and automation. According to Reuters, reductions are concentrated in administrative and operational roles exposed to automation. While AI is creating demand for specialised engineering and data science talent, traditional roles are shrinking as businesses prioritize efficiency and cost control. Layoffs Amid AI Adoption: M…